Airgas VP Unloads $1,086,300 in Stock (ARG)
Airgas (NYSE:ARG) VP Thomas Smyth sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $108.63, for a total transaction of $1,086,300.00. Following the completion of the transaction, the vice president now directly owns 2,582 shares in the company, valued at approximately $280,483. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird cut their price target on shares of Airgas from $121.00 to $116.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Separately, analysts at BGC Financial raised their price target on shares of Airgas from $110.00 to $115.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Airgas in a research note to investors on Thursday, October 24th. They now have a $112.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $112.91.
Shares of Airgas (NYSE:ARG) traded down 0.97% on Friday, hitting $108.01. 393,579 shares of the company’s stock traded hands. Airgas has a one year low of $78.49 and a one year high of $106.63. The stock has a 50-day moving average of $107.6 and a 200-day moving average of $102.0. The company has a market cap of $7.939 billion and a price-to-earnings ratio of 23.84.
Airgas (NYSE:ARG) last announced its earnings results on Wednesday, October 23rd. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that Airgas will post $4.93 EPS for the current fiscal year.
Airgas, Inc (NYSE:ARG) is a distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods, such as welding equipment and supplies.
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